A7A5, the sanctioned issuer of the ruble-denominated stablecoin, is accelerating its expansion, claiming its operations are fully compliant.

Oleg Ogienko, Head of Regulatory and International Affairs at A7A5, the issuer of the ruble-pegged stablecoin, stated that the company fully complies with Kyrgyz local regulations and international anti-money laundering standards in its operations and denies any illegal activities. Despite its issuing entity and reserve bank being placed on the US Treasury Department's sanctions list, the company continues to expand its business, aiming to become a crucial settlement channel for cross-border trade. A7A5 states that its stablecoin primarily serves Asian, African, and South American companies trading with Russia, providing cross-border payment solutions where some traditional financial channels are restricted. Ogienko stated that the company has established KYC and AML mechanisms and undergoes regular audits. Data shows that A7A5's circulating supply increased by approximately $90 billion last year, exceeding the growth rate of USDT and USDC. Industry analysts believe that the demand for alternative settlements created under sanctions is a significant reason for its rapid growth. At the same time, due to US sanctions against related entities, its business still faces high compliance and geopolitical risks.